The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1887-12-09
BANKING AND FARMING.

I've Interesting Public Reports TIL.
Cozaptrofler's Statement of the Condi.
ton of tbs National Banks Commits.
sioner Colemaii's work In the Agricult
al Department.
THE NATIONAL BANKS
WASHINGTON, Dec. 2-The annual report o.
the Comptroller Of the Currency shows thai
she total number Of Nat onal banks organized
up TO October 81 was 3s)5, of which CPS have
gone into voluntary liquidation, 119 have failed,
leaving in operation At that dase S,e5f. The to.
tai member of new banks formed during the last
year was 2225 total number closed during the
year, SO, of which c5 went into voluntary leui
dation and failed.
Tbs gross increase in Nationa;-sank capital
during the year amodnrsd to s36, S94,7s5 o
which s. S6S,0a5 represents an increase Of capt.
tai by banks existing November ). 1896 There
was. however, a decrease Of capital o. $751;.
$50 OF which "a, 0S7, $50 was the aggregate CAPT
tai OF the thirty-three banks which went into
voluntary liquidation and failed and the re-
maiader represents a decrease of capital by
banks still in operation. The net increase of
capital for the year is, therefore, $50 57aS So
On the other hand there is s net decrease Of
S50,495,5 $50 in the circulation represented by
bonds. The decrease resulting from the sur.
render of circulation by banks still in operation
is s57, 10, t15. and the decrease caused by banks
going into voluntary liquidation and falling is
S1,214, $50, making gross decrease OF s59,O44,-
833 Offset by total increase OF $500 265, which
consists of an increase by the formation Of new
banks OF Il, 592,090 and an increase OF circula'
zion by previously existing banks to the amount
OF S. 957, rs.
In the cases of four Of the Ave banks which
fsiled the creditors have received principal and
interest in full, and in the case Of the fifth the
total of dividends amounts to 81 per cent. The
total amount of money paid in div dends during
the last year is q, 100, 203; whole amount paid
to creditors OF insolseRt banks since the sys-
tenn has been in operation is S29,434 935, upon
proved claims amountng to SIC 93S; 3SS: total
assessments on stockholders, S9,ai5.950, of
which gross collections have amounted TO
ST. 8a 563.
The Comptroller submits cod flcation of the
banking laws He recommends that the mini
mum amount Of bonds TO be deposited by
bank as security for circulation shall be 10 per
cent. of the capital of banks not over $3.50, 0O0
and S25 900 for banks Of which the capital ex-
eeeds S3oJO00; also that the semi-annual duty
on circulation be hereafter charged only on the
amount issued upon bonds deposited in excess
OF the minimum amount az above; also that the
Nat;onal-bank notes be counted as part of the
lawful reserve Of banks.
The existing laws as to the responsibility CT
officers of banks are modified by this code so as
to avoid existing obstacles to their prompt en-
forcement. The restriction on banks as to max
ing loans in excess Of 10 per cent. of capital to
any one party is modified in respect to loans
upon collateral security and the total limit is
raised to % per cent. of capital and surplus.
The provisions as to reserve upon deposits are
modified so as not to include Government de.
posits, and the provision as to State taxation
of National banks is also modified.
THE FIGHT AGAINST PLEURo.
WASHINGTON, Dec. 2.-The annual report Of
the Comm!ss oner of Agriculture says that the
Governors Of thirty-one States and Territories
have accepted the rules AMI regulations of
the Bureau Of Animal Industry in regard
to pleuro-pneumonia and promised the
assistance of local police officers to
secure their enforcement. In add
ton the Legislatures of Rhode Island,
Virginia, New York and Illinois have
enacted laws providing for cooperation. The
worst infected counties, the report says, and
those from which there was most danger OF
the spread of the disease--Viz., those in the
ne .ghborhood of New York, Chicago and Bal.
timore-have been placed in quarantine and
no cattle allowed to leaye them without per-
nit issued after special examination. By This
means NV outbreaks have been almost entire.
ly prevented.
From the beginning of the work for the
eradication Of this disease, in August, 1885, &c
October 3, 1887, the inspectors of the bureau
have inspected 1881 herds containing Ill.,
$50 animals, in districts where the plague
was supposed to exist. Among these
there were found f9S infected herds,
containing 1875 animals Of which 1888
were affected with pleuro-pneumOnia. These
figures do not include 2,S73 head of cattle in
the distillery stables of Chicago, nearly halt
Of which were deceased. The number of
animals found affected by this sease and
the number of infected herds were much
greater than had been anticipated and the
work for its control has subsequently required
a correspond.ngly larger force and greater ex-
penditure of money The progress made, how
ever, has been very satisfactory and the ap-
preparation has been found sufficient to meet
the demands made upon it.
The Commissioner expresses regret at the un-
avoidable loss inflicted on the farmers of Hi
nois by the cattle quarantine, and adds:
There has not been time in years when
this malady has been confined to such restrict
cd areas as at present, and, consequently, the
conditions are very favorable for its COM
plete eradication. II the State authori-
ties continue their cooperation as at present,
which there is every reason to expect, and il
an appropriation is made by Congress equal to
that of the present fiscal year and with author
ity for its similar use it is believed that this
dangerous plague can be exterminated by the
end of the next fiscal year"
The Commissioner says it is yet too early to
make an official statement of the results in de-
tail of the present years experiments in the
development of sorghum-sugar manufacture,
but that enough is known already to enable this
country to anticipate an early success Of the
enterprise.
The Commiss oner recommends that the
Public Printer be authorized to furn sh to
the agricultural press of the country at the
mere cost of labor and material electrotypes
of such illustrations of the department
as the editors may desire, and that
the duties of the seed division be trans
ferred to State and Territorial experiment
stations. The Commissioner disapproves Of the
efforts to make his department an Executive
department with Cabinet Minister at its head.
He says that the building of reservoirs among
the Rocky Mountains for the storage of an inn
mense volume of water now wasted should
,a1,d he rII- Ut CarcreSs